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Fiscal/Budget Item Printout
158 KB
Extracted
AI Summary
The document outlines a recommendation from Supervisor Sylvia Arenas to approve a grant of $7,000 to the Latino Business Foundation Silicon Valley for supporting two cohorts of a Business Academy aimed at aspiring entrepreneurs. The grant is part of a larger budget inventory item and is intended to provide technical assistance and coaching to participants. The item is set for final consideration on June 18, 2026.
Key points
- The grant amount is $7,000 for the Latino Business Foundation Silicon Valley.
- The funding supports two cohorts of a Business Academy for aspiring entrepreneurs.
- The item is scheduled for final consideration on June 18, 2026.
- Latino Business Foundation Silicon Valley has served 3,804 small businesses and graduated 1,189 individuals from their programs.
- Programs funded must be open to eligible clients of all backgrounds.
Limitations
- The document does not specify the exact date of the Board of Supervisors meeting for final approval beyond June 18, 2026.
- There are unresolved placeholders in the document such as the specific fiscal year and other details that are not filled in.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.
Extracted text preview · 3,815 chars
County of Santa Clara Board of Supervisors Supervisorial District One Supervisor Sylvia Arenas 128838 DATE: May 13, 2026 TO: Board of Supervisors FROM: Sylvia Arenas, Vice President SUBJECT: Budget Inventory Item 384 Latino Business Foundation Silicon Valley Business Academy RECOMMENDED ACTION Approve Inventory Item No. 384 to provide a grant to Latino Business Foundation Silicon Valley in the amount of $7,000 relating to supporting two Business Academy cohorts of aspiring entrepreneurs, and refer item for final consideration and approval on June 18, 2026. (Arenas) FISCAL IMPLICATIONS There is a one-time cost of $7,000. CONTRACT HISTORY Latino Business Foundation Silicon Valley received a Budget Inventory grant proposed by the Office of Supervisor Sylvia Arenas for Fiscal Year 2025-2026 for $20,000 to support economic development of small businesses. REASONS FOR RECOMMENDATION The grant in the amount of $7,000 is proposed by Supervisor Arenas to be used in support of the Latino Business Foundation Silicon Valley, for support and mentorship of District 1 residents to achieve sustainable and fulfilling lives. If approved, two Business Academy cohorts made up of small business...